SSAB's SEK 10 bn rights issue fully subscribed

SSAB's SEK 10 bn rights issue fully subscribed

This information is not for release, publication or distribution, directly or
indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan.
(Please read the information at the end of this press-release).

SSAB is pleased to announce its rights issue has been fully subscribed. SSAB
will receive gross proceeds of approximately SEK 10 billion from the offer. 

48,153,166 class A shares and 16,633,788 class B shares, representing 100% of
the total offer, have been subscribed. The 378,026 class A shares and 66,856
class B shares that were not subscribed with subscription rights, representing
0.69 % of the total offer, will be allocated to subscribers who have also
subscribed for shares with subscription rights and expressed a wish to subscribe
for more shares, all in accordance with the principles set out in the
prospectus.  

As a result of the rights offering, the number of class A shares in SSAB are
increased by 48,153,166 and the number of class B shares are increased by
16,633,788. After the offering the Company's share capital will amount to SEK
2,850,626,020 represented by 323,934,775 shares split between 240,765,832 class
A shares and 83,168,943 class B shares. The newly issued shares that have been
subscribed with subscription rights are expected to start trading on the
Stockholm Stock Exchange on or about September 4, 2007.
For further information, please contact: 

Stefan Lundewall, Head of Investor Relations
Tel: +46 8 45 45 729, +46 70 508 28 57
e-mail: stefan.lundewall@ssab.com

For further information about SSAB, log on to http://www.ssab.com


IMPORTANT NOTICE:
The information in this press-release is not for release, publication or
distribution, directly or indirectly, in or into the United States, Australia,
Canada, Hong Kong or Japan.

The information in this press-release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction.

The information in this press-release does not constitute an offer of securities
of SSAB Svenskt Stål AB for sale in the United States, nor may the securities be
offered or sold in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as amended, and the
rules and regulations thereunder.  There is no intention to register any portion
of the offering of securities of SSAB Svenskt Stål AB in the United States or to
conduct a public offering of shares in the United States.

The information in this press-release may not be forwarded or distributed to any
other person and may not be reproduced in any manner whatsoever. Any forwarding,
distribution, reproduction, or disclosure of this information in whole or in
part is unauthorized. Failure to comply with this directive may result in a
violation of U.S. Securities Act of 1933, as amended, or the applicable laws of
other jurisdictions.

FOR RECEIVERS OF THIS PRESS-RELEASE IN THE UNITED KINGDOM: 

This communication does not constitute an offer of securities to the public in
the United Kingdom. This communication is directed only at (i) persons who are
outside the United Kingdom or (ii) persons who fall within Article 43(2) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”) in relation to this communication, and (iii) other persons to whom it
may lawfully be communicated (all such persons together being referred to as
“relevant persons”). Any investment activity to which this communication relates
will only be available to, and will only be engaged with, relevant persons. Any
person who is not a relevant person should not act or rely on this document or
any of it